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African logistics startup Lori Systems raises Series A led by Chinese investors

African logistics startup Lori Systems raises Series A led by Chinese investors

African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder Iyinoluwa Aboyeji. Lori Systems is not disclosing the amount of the Series A. DealStreet Asia reported the…
Cannabis logistics startup Wayv launches dynamic distribution platform

Cannabis logistics startup Wayv launches dynamic distribution platform

Supply chain logistics is a headache and a half across any industry, but the difficulty level goes way up within the world of cannabis. Because of federal laws, FedEx, UPS and USPS are not an option. Distributors need a variety of licenses and must operate within specific regulation. For example, cannabis brands must either become…
Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs

Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs

Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — with an Uber -like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and expand…
JD.com’s logistics arm raises a $218 million investment fund

JD.com’s logistics arm raises a $218 million investment fund

The logistics division of JD.com, Alibaba’s closest e-commerce competitor in China, has raised 1.5 billion yuan (about $218 million) to invest in logistics-related companies and technology. Limited partners in the new fund include JD Logistics and JD.com, as well as undisclosed listed companies and government-led funds, reported Reuters. JD Logistics, which became a standalone subsidiary…

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Egypt used Google Play in spy campaign targeting its own citizens,...

GOOGLE PREY — Google removes app that logged detailed information about users' calls. Dan Goodin - Oct 3, 2019 9:20 pm UTC Enlarge / Indexy was removed from Google Play after Check Point researchers discovered it was being used in a campaign to spy on Egyptian citizens.Check Point TechnologiesHackers with likely ties to Egypt’s government…

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